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‘Entrepreneurship To Flourish’: Africa’s Instant Payments Hit 64 Billion Transactions, New Report Shows

19 November 2025

The new report shows transaction volumes have grown at an average annual rate of 35% since 2020.

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In the media
2 May 2024 / Central Bank Payments News
AfricaNenda: Key Trends Shaping the Instant Payment Systems Landscape in Africa
The instant payment systems (IPS) landscape in Africa is vibrant, propelled by the growing need for faster, interoperable, more secure, more affordable, and more convenient retail payment options.
In the media
24 April 2024 / techcabal
Africa’s digital future: Why transparent data is key to financial inclusion
While on a speaking tour in 2022 to share findings from a report I co-authored, a central bank official from West Africa shared a key observation. The report aimed to document the relationship between financial inclusion and the infrastructure provided by inclusive, instant payment systems, based on data available publicly.
In the media
24 April 2024 / ecdpm
Gaps in interoperability as barriers to inclusive digital payments in Africa
Ennatu Domingo and AfricaNenda’s Jacqueline Jumah and Sabine Mensah argue that instant payment systems play a crucial role in Africa’s digital public infrastructure, but that there are still many barriers to its interoperability – which Europe can help address.